Invest in Their
Future

Empower your teen to learn how to invest. With your help, they can invest in securities with a stock¹ account that you open and bitcoin² with a separate bitcoin account. The earlier they start, the more time their money has to potentially grow.

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Give them a head start

It doesn’t take a lot of money to develop smart investing habits. Your teen can buy fractional shares of stocks and ETFs (if you’ve opened a stock account), or bitcoin (if you’ve opened a separate bitcoin account), for as little as $1.

guide their learning

With stocks, you decide whether your teen can invest in low, medium, or highly volatile assets as defined by our proprietary risk rankings. Together, you can learn about the world of investing with educational resources like Money 101, a free financial literacy program taught at high schools across the country.

Enroll in Money 101

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Watch them flourish

Use your Step app to monitor their investments alongside their saving and spending activity. Before you know it, dinner conversations will be about companies to watch, market performance, and how patience and long-term planning pays off.

Take the next step

You don’t have to be an investing guru to help your teen become one. Here’s how to get started:

open an account

Open a stock or bitcoin account for your teen with your Step app. These are separate accounts. You can open one, both, or neither – you know them best!

set parameters

With stocks, you decide whether your child can invest in low, moderate, or highly volatile assets. With bitcoin, you can set weekly buying limits.

create a plan

Together, build an investing budget and help them stick to it. They can buy fractional shares with as little as $1! Step does not charge any commission fees³.

Knowledge is power

Wondering how to support your teen on their investment journey? We’ve got you covered! Here are some resources to get your family started.

p2p-background — Investing 101: Terms You Need to Know

Stocksy txp96b7f5faSnc300 Medium 4762861 (1) — Why Sooner is Better When it Comes to Investing

Stocksy txp2521e9e5WHd300 Medium 4621081 — Selecting A Stock Portfolio Strategy

You ask, we answer!

How does this work?

As a parent or legal guardian, you can sign up for and open a stock investing account or crypto account for your teen. These are separate accounts. We partner with Drive Wealth, a registered broker dealer, member of FINRA and SIPC, to power our stock investing service and Zero Hash to power our cryptocurrency service.

What if I want my teen to invest only in stocks?

That’s your choice! If your teen is under 18, you can open a stock account, a crypto account, both, or neither. These are separate accounts so by opening just a stock account, your teen can only invest in stocks. If you don't think they're ready to invest, they can continue to use Step to save, spend, build credit and earn cashback rewards.

What parental controls do I have?

As your child’s parent or guardian, you get to determine when they’re ready for this next step in their financial journey. Without your permission, they can’t invest if they are under 18.

If you do enable stock or crypto investing, you can also use tools in the app to guide their decisions. With stocks, you determine what types of assets they can access (i.e low, moderate, highly volatile). With crypto, you can set weekly buying limits.

What are the tax implications of investing with Step?

Investing in stocks and cryptocurrencies may have state and federal tax implications. As a parent or legal guardian, you are responsible for reporting taxable income on your teen’s subaccount(s). Consult your investment advisor, accountant, or legal counsel regarding your particular circumstances.

How do I know if my child is ready to invest?

Unfortunately, there’s no one answer to this question and we cannot answer for you. Here are a few signs your child might be ready to start investing: they are earning a steady allowance or paycheck; they are regularly contributing to their savings goals; and they are asking questions or talking about stocks and/or crypto.

How can I trust that it’s secure?

At Step, your deposits and your deposit account are FDIC-insured up to $250,000 by our bank partner, Evolve Bank & Trust, member FDIC. Separately, your stock and ETF investments are SIPC-insured up to $500,000. However, it’s important to note that cryptocurrencies are not protected by the FDIC or SIPC.

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Invest in Their Future